Karachi, February 06, 2020: Market opened on a positive note and went up by 278 points during the session, which was mainly contributed by Oil & Gas sector scrips, E&P and OMCs. International crude prices prompted investors to build positions in oil & gas chain, however, selling pressure brought prices down and index moved downwards…
Karachi, January 16, 2020: Market maintained the range bound activity, witnessed for the past 2 sessions, where the index moves both directions and in the end maintains 43K level. Political uncertainty has so far kept the otherwise bright outlook muddled. Banking sector scrips also held on to price levels, whereas Index heavy weights such as…
Karachi, January 15, 2020: Political uncertainty took controls over sentiment today. Allies of PTI are one by one showing disapproval of their policies and hinting a crisis in the making that caused investors to be safe than sorry. Investors kept booking profit at current levels which exerted pressure on oil & gas chain (i.e. OMCs,…
Karachi, January 14, 2020: Market replicated the performance seen yesterday with a sway from +250 points to -123 points and closing the session -12 points. Mainly Cyclicals faced the music with major selling pressure was witnessed in Cement Stocks (due to higher coal prices) and Steel sector stocks. E&P sector also saw selling pressure, whereby…
Karachi, January 08, 2019: Again market took the toll of early morning Iranian strike on Iraqi Military base housing American soldiers. Oil price went haywire with an initial surge towards $72/bbl, but gradually came down as Iranian government signaled an end to confrontation for the time being. Oil & Gas chain bore the brunt of…